Representatives of around 20 civil society organizations and NGOs met the Finance Minister Shri Arun Jaitley as part of pre-budget consultation on social sector on 12 January, 2016. Immediately after the pre-budget consultation, a press conference was held by some of these organizations to convey the media persons what demands/ suggestions were made. Subrat Das, Executive Director of Centre for Budget and Governance Accountability (CBGA, http://www.cbgaindia.org/) informed us that during...
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Widening the net beyond the income norm -Abhishek Jain & Shalu Agrawal
-The Hindu Less than 3 per cent of Indians pay income tax and a significant proportion under-reports taxable income. On December 28, 2015, the Ministry of Petroleum and Natural Gas announced the exclusion of high-income households from the LPG subsidy cover. As per the official press release, subsidy would not be available for domestic LPG consumers, if the consumer or his/her spouse had taxable income of more than Rs. 10 lakh for...
More »Political funding: There’s trust, but little else -Aditi Nigam
-The Hindu Business Line Electoral Trusts bring some transparency to India Inc’s donations to parties, but more needs to be done New Delhi: India Inc makes big donations to political parties, but very little is made public on the amount or to whom it is given. Electoral Trusts revealing such data were expected to bring in more transparency. A change in income-tax rules in January 2013 paved the way for the setting up...
More »MGNREGA: Minister writes to Jaitley, seeks more funds for job scheme
-The Indian Express Twelve states presently show a negative balance with long overdue unpaid wages, threatening the continuation of the scheme. Despite the recent revival, there is crisis looming for Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGA) as the Rural Development Ministry has exhausted more than 95 per cent of its budget provision for the scheme. The fund squeeze has forced Rural Development Minister Birender Singh to write to Finance...
More »Green safeguards yield higher economic returns -Vinod Thomas
-The Hindu For growth to go forward, it must be environmentally and socially concordant. The launch of the Sustainable Development Goals (SDGs) and agreements in Paris finally signalled the realisation that we can no longer achieve our economic ambitions by endangering the environment and society. But even as countries agreed on the need to nurture sustainability, it has come under fire from the mistaken notion that doing so will slow the pace...
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